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SHYAMMETL · Q1 FY27 · investor call

SHYAMMETL

Shyam Metalics reported strong financial performance in Q1 FY27, with revenue up 23% YoY and EBITDA up 28% YoY. The company emphasized its self-funded growth strategy, disciplined capital allocation, and focus on high-margin value-added products like stainless steel and aluminium foil. Management highlighted capacity expansions across various segments and a strong balance sheet supporting future growth.

herofinancialssegmentstakeawaysquote

Key financials

Revenue₹5,455 croreYoY +23%
EBITDA₹812 croreYoY +28%
PAT₹351 croreYoY +20.6%
Gross Profit Margin28.3%YoY +0.4%
Operating EBITDA Margin14.0%YoY +0.9%

Segment commentary

Stainless Steel

The company is on track to become the 2nd largest player with capacity expansions and a focus on high-margin products.

Aluminium Division

Commissioned new facilities, with over 60% of production exported, enhancing margins through backward integration.

Carbon Steel

Capacity expansions in billets, TMT bars, and structural beams are driving growth and improving margins.

Guidance & outlook

  • Revenue expected to grow at ~2.3x by FY31 with a focus on value-added products.
  • EBITDA projected to increase by ~2.7x over the next five years.
  • Strong balance sheet with net cash positive, supporting expansion without external debt.

Notable quotes

“Our self-funded growth strategy is enabling us to scale rapidly while maintaining financial discipline.”— Birendra Kumar Jain

Key takeaways

  • Strong financial performance driven by revenue growth and margin expansion.
  • Focus on value-added segments like stainless steel and aluminium foil is enhancing profitability.
  • Self-funded growth strategy with disciplined capital allocation supports sustainable expansion.
  • Capacity expansions across multiple product lines are set to drive future growth.
  • Management remains optimistic about achieving long-term growth targets despite industry challenges.

Risks flagged

  • Cyclicality in the steel industry affecting margins.
  • Global economic uncertainties impacting exports.
  • Competition from Chinese imports.
Educational analysis only. Not investment advice. Consult a SEBI-registered advisor before investing. Source: https://nsearchives.nseindia.com/corporate/SHYAMMETL_20072026173013_SMELInvestorsPresentation20072026.pdf
Full transcript (7,462 words)
SMEL/SE/2026-27/49 July 20, 2026 The Secretary, Listing Department The Manager – Listing Department BSE Limited National Stock Exchange of India Phiroze Jeejeebhoy Towers Limited “Exchange Plaza”, 5th Floor, Plot Dalal Street No. C/1, G Block, Bandra-Kurla Complex, Mumbai 400 001 Bandra (East), Mumbai 400 051 Maharashtra, India Maharashtra, India Scrip Code: 543299 Symbol: SHYAMMETL Dear Sir/Madam, Sub: Investors Presentation: Financial Results for the 1st Quarter Ended 30th June, 2026 Pursuant to the Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with applicable Schedules thereof, please find attached the Investors Presentation w.r.t the Un-audited Financial Results of 1st Quarter Ended 30th June, 2026. This is for your information and record. Thanking You, For Shyam Metalics and Energy Limited Birendra Kumar Jain Company Secretary Membership No. F13320 Encl: as above OUR BRANDS SHYAM METALICS AND ENERGY LIMITED Regd. O(cid:431)ice: P-19, (Plate No.: D-403), Taratala Road, CPT Colony, Kolkata, West Bengal – 700088 CIN: L40101WB2002PLC095491 GSTIN: 19AAHCS5842A1ZE T:+91 33 6521 6521 Email: contact@shyamgroup.com Web: www.shyammetalics.com Follow us on : Power | Ferro Alloys | Pellets | Pig Iron | Billets | Sponge Iron | Wire Rod | Wire | TMT & Structurals | Aluminium Foil | Roofing Product | Stainless Steel | DI Pipes Shyam Metalics & Energy Limited Investor Presentation | Q1 FY27 Self-Funded Growth, Value-Led Future 6th Net Cash AA+ 16.93 MTPA Largest Steel Producer Positive at Peak Capex CRISIL, Stable Combined Production Capacity Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Shyam Metalics And Energy Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company's future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cashflows, the Company's market preferences and its exposure to market risks, as well as other risks. The Company's actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections. All Maps used in the presentation are not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, Process or completeness. Page 2 Table of Contents Company Overview 1 Products and Capabilities 2 Capacity Expansion 3 Financial Performance 4 Strategy & Guidance 5 ESG 6 Annexures 7 Page 3 Shyam Metalics at a Glance One of India's fastest-growing integrated metal producers 2nd 6th Largest 467 MW 16.93 MTPA Largest Coal based Largest Steel Producer Aluminium Foil Total power generation Combined Sponge Iron Player Manufacturer Production Capacity Scaling Rapidly to Emerge as the ~79% of Captive Power in Q1 FY27 Industry’s Leading Player Leading Integrated Multi Metal “Ore to Metal” Integration Strategic Location Advantage Producer in India 2 Captive Railway Sidings & 19 dedicated Proximity to Mineral Belts, National Among India’s largest multi metal Railway Rakes for cost-efficient raw Highways and Ports – minimises freight producer with fully integrated operations material logistics costs CRISIL RATINGS SHIFT TOWARDS HIGHER VALUE ADDED PORTFOLIO Long Term AA+ Commodity Focused Player Integrated Multi-Metal, Value-Added Producer Short Term A1+ Bulk Sponge Stainless Aluminium CR Railway Outlook Stable Pellets Billets SBQ Iron Wires & Foils & Fins Coils/Sheets Wagons Bright Bars Page 5 Why Invest in Shyam Metalics? 01 6th largest steel producer 02 Self-funded growth On course to become a leading steel Net cash positive, supporting expansion producer. through the cycle. Self funded growth, cash discipline, 20+ years of execution track record 2.3x Revenue & 2.7x EBITDA by FY31 03 04 strong Scaled with discipline and remained PAT Clear ambition to multiply the operating execution track positive throughout. platform by FY31 and beyond. record (20+ years) and a shift toward 177% return since IPO Higher-margin value-added products higher-value 05 06 Track record of shareholder value creation Portfolio mix moving toward value-added products create post listing. products with higher margin profile. a compounding platform. Investment case: scale + discipline + value-added mix backed by self-funded growth and strong execution track record Page 6 The Transformation Playbook From commodity to value-added leader – shift in mix yielding better margins Pre-2005 2010–15 2016-21 2022-24 2025-26 2027-31 O Foundation Scale-Up IPO & Expansion Diversification with Value Leader Vision 2031 P I New Verticals e o Incorporation of Shyam o Sambalpur & Jamuria – o Capacity & captive power o Battery foil and o Revenue: ~Rs. 42,500+ c n SEL and Power Ltd. Commercial production expansion o Expanded into Stainless Aluminium FRP Cr (~18% CAGR/~2.3x) i s o Incorporation of Shyam began o Ventured into TMT & Wire Steel, Aluminium Foil, TMT o Railway Wagons o EBITDA: ~Rs. 6,200+ Cr n r Metalics and Energy o Complete integration of Rod Bar, Roofing Sheets, (22% CAGR) u o SEL Tiger gains traction t e Limited Sponge Iron, Billets, and o Launched Aluminium Foil colour-coated/galvalume o Capacity: ~27 MTPA R o Mangalpur Plant – Sponge Ferro Alloys line (4000 TPA) sheets o 8 c 3 a % pt i p v o e w g e e r n m er e a t t i b o y n o RoE: 20%; RoCE: 22% x Iron commercial production o Captive Railway Siding & o Metal capacity surpassed 7 o Listed on NSE & BSE (IPO . 2nd Captive Power 15 MTPA o Commissioning of blast o Net Cash Positive 2 oversubscribed ~121 times) ~ furnace o Commissioned first Ferro o Value-added o Total Capacity – 5.2 MTPA Alloy unit o CRM downstream products Longer Better RoE/RoCE Contracts Debt-Free Growth Engine Higher Lower Stronger EBITDA/Tonne Cyclicality Cash Flow Page 7 Our Track Record ✓ In just 2 decades, SMEL has gone from being outside India’s Top 35 steel producers to becoming the 6th largest steel producer in the country. ✓ SMEL has always been profit-making – we have never had a loss-making year despite operating in a cyclical industry. ✓ Operating in a commoditized industry, being low cost + strong capital allocation are the strongest sources of competitive advantage. A breakup of cumulative five-year financial performance Revenue EBITDA PAT EBITDA Margin (%) PAT Margin (%) 11.3% 18.4% 69,937 9,868 5,566 14.8% 8.0% 20% 21% 12.7% 14.1% 7.0% 20% CAGR CAGR 2,430 CAGR 3,961 1000.0% 21,512 3.5% 9,143 1,161 324 4,354 646 304 0.0% 2007-11 2012-16 2017-21 2022-26 2007-11 2012-16 2017-21 2022-26 2007-11 2012-16 2017-21 2022-26 2007-11 2012-16 2017-21 2022-26 2007-11 2012-16 2017-21 2022-26 Our Revenues, EBITDA and PAT have grown at CAGR of 20%, 20% and 21% respectively over the past 20 years Note - All figures in Rs crores Page 8 Growth Roadmap – FY31 Revenue (₹ Cr) ~2.3x / 2.7x ~20% / 22% Growth in Revenue / EBITDA RoE / RoCE 18,552 42,647 ~₹9,500 Cr 6,297 Net Cash +ve Capex to be deployed over FY21 FY26 FY31E next 4-5 year, funded by Negative Net Debt despite internal accruals – no external substantial growth capex debt Debt to Equity capped at 0.5x EBITDA (₹ Cr) ~15% 780+ MW EBITDA Margin Total Power Generation 2,333 6,236 1,394 Scaling Rapidly to Emerge as Cost of in-house power (₹2.65 Per Unit) is Leading significantly less than grid power which FY21 FY26 FY31E costs ₹5-7 Per Unit Steel Producer Page 9 Strategic Commitments vs Delivered Outcomes We Say and We Do!! CAPACITY EXPANSION VALUE ADDITION CAPACITY EXPANSION FY21A FY26A FY21A FY26A FY21A COMMITTED DELIVERED FY26A (FY25) (FY25) Metal Ferro Alloy Balance Zero net Capacity 5.71 11.60 13.51 16.78 ✓ 20% 52% ✓ Net D/E:0.07x Exports Mix Sheet debt ✓ (MTPA) + Aluminium Foils & Fins Captive New + Colour Coated Sheets Working Power 227 357 377 467 ✓ 69 days 9 days ✓ Verticals + Stainless Wires & Bright Bars Capital (MW) + SBQ (Auto Grade) Export 40 Credit CRISIL AA – CRISIL AA+ 23 countries Increase value addition, reduce cyclicality. Presence countries ✓ Rating (Stable) (Stable) ✓ Page 10 Tenets Followed at Shyam Metalics Capital allocation: 70:20:10 Debt-to-Equity capped at 0.5x Growth, Liquidity, Dividend 11 01 Sustainability and continuity CAPEX funded by accruals; build resilience Debt only for working capital 02 10 Metallurgy expertise Capex phased to cash flows 09 anchors decisions Ensuring financial discipline Start small, gain Industry insights, Plan meticulously before 08 04 then commit larger capital significant moves 07 05 Well insulated business model mitigates Custodians of investor trust 06 import risks from countries like China and capital Best-in-class technology and infrastructure drive efficiency & cost leadership Page 11 Eminent Promoters & Professional Board of Directors Mahabir Prasad Brij Bhushan Agarwal Sanjay Kumar Deepak Agarwal Sheetij Agarwal Dev Kumar Tiwari Agarwal Chairman & Managing Agarwal Director (Finance) & Whole-time Director & Whole-time Director Chairman Emeritus Director (CMD) Joint Managing Director Group CFO Head - Strategy o An accomplished o A visionary Business o Holds a bachelor’s o He is an Fellow Member o Bachelor of Science in business leader and a leader and a guiding degree in commerce, of the Institute of Business Administration o He has over 23 years of first-generation force for the company with honours, from Company Secretaries of from D'Amore Mckim experience in the steel entrepreneur having having over three University of Kolkata India School of Business, and ferro alloys industry more than 50 Years of decades of experience in with over 22 years of Northeastern University o A techno commercial experience in steel & the steel and ferro alloys vast experience in the o He is responsible for professional and o Overlooks and ferro alloys industries industry steel & ferro alloys project implementation possessing more than spearheads strategy & industry and operations of o He has the foresight to o Primarily responsible for 25 years of experience Business Development Sambalpur lead the Company on a strategic planning, future o Primarily responsible for of steel and ferro alloys at Shyam Metalics and manufacturing plant transformational journey expansion, business the Operations / industries Energy Limited and contributing development, marketing, manufacturing of the o Primarily responsible for significantly in growth human resources and plants with focus on cost overseeing the Group’s path of the company corporate affairs control, production finance, accounts, legal, efficiency, competitive direct & indirect taxation procurement of raw and corporate materials etc. compliance The Management Team is ably assisted by a very strong team of Professionals who have contributed immensely to the growth of the Company Page 12 Eminent Independent Board of Directors from Diversified Field Chandra Shekar Verma Nand Gopal Khaitan Shashi Kumar Kishan Gopal Baldwa Rajini Mishra Subrata Bhattacharya Ex-Chairman & MD, SAIL Partner at Khaitan & Co Ex-Chairman, Coal India Ltd Fellow member of ICAI Associate member of ICSI Distinguished Metallurgist o He is a Fellow o He is registered as an o Associated with the o Associated with the o Associated with o A distinguished Member of the advocate with the bar company since 2023 company since 2018 Shyam Metalics since metallurgist and Institute of Company council of West 2021 seasoned corporate o He holds a B.Sc. from o He holds a bachelor’s Secretaries of India, a Bengal since June 20, leader with over 39 Patna University and a degree in commerce o She holds a Fellow Member of the 1974 years of extensive B.Sc. (Hons) in Mining from University of bachelor's degree Institute of Cost & experience in the steel o Associated with the Engineering from the Rajasthan from Calcutta Works Accountants of and stainless-steel company since 2023 Indian School of University in Botany, India o He has been a fellow industry Mines, Dhanbad, and a master's degree member of the o He also holds a Ranchi University in business o He holds a B.Tech. in Institute of Chartered Bachelor's degree in administration from Metallurgical Accountants of India Law and Legislature the West Bengal Engineering and an M. for 38 years and holds and Master's degree University of Tech. in Extractive a certificate of practice in Commerce and Technology Metallurgy from NIT Business Durgapur Administration o Associated with the company since 2024 The company benefits from the guidance of an independent Board comprising seasoned professionals who brings objectivity, governance, expertise and strategic insight Page 13 Product Portfolio Our portfolio spans entire metal value chain ensuring quality control and cost competitiveness Core Metal Products Carbon steel Structural Railway Crash TMT Bars Wire Rods SBQ Wires* Steel Wagons* Barrier Raw materials Flat Steel Roofing HR Coils* CR Coils Galvalume Pipe Sheets Iron Ore Ferro Specialty Pellets Alloys Alloys Ferro Low Carbon Products Ferro Chrome Intermediate products Stainless Steel SS Bright SS Hot SS Wire SS Billets SS Rebar SS Wire* Bar Rolled Bar* Rod* Sponge Pig Iron Billets Iron Aluminium Aluminium Aluminium EV Battery Foil* Aluminium Fins* Foil FRP* * Upcoming PPaaggee 1144 Powered by 467 MW of captive power Strategically Located – Raw Material & Supply Chain Advantage 7 4 state of the art manufacturing plants spread across states - West Bengal, Odisha, Madhya Pradesh and Jharkhand Jamuria Pakuria Kharagpur Mangalpur Indore Giridih Sambalpur Out of the 1,827 acres land across the 4 states, 1,338 acres occupied by plant operations and 489 acres of available land post implementation of current capex enable 3-5 years of growth runway Raw Material Sources are within 250 kms + = Close Strong Lower Proximity to Logistics Logistics Cost Raw Material Infrastructure Dhamra Paradeep Vishakhapatnam Plant Captive Railway Proximity o Plants are in close proximity to National Highways & Ports Location Sidings to Ports o Sambalpur & Jamuria Plants have captive railway sidings Page 15 Global Presence Across 30+ Countries and Expanding Rapidly 21% 13% Export Contribution to Aluminum Foil Products Revenue in FY26 Germany Austria 17% Belgium Lithuania United Kingdom Czech Republic Ferro Chrome Ferro Macedonia South Korea Manganese and Silico USA Switzerland Turkey BhutanChina Japan Taiwan Manganese Products Mexico Luxembourg Nepal Hong Kong Vietnam Spain Bangladesh Philippines Steel products both Panama Italy Ghana Utd.ArabEmir upstream and downstream . Singapore Indonesia Brazil 70% including Angles, Beams, Malaysia Billets, Channels, Wire Rods, MS Round Coils, Sponge Iron and Pig Iron India’s Leading Foil Exporter Preferred suppliers to large Macsteel Mankin Hoa Phat Dung Metal Cartonal corporations International JM Industries MTALX Quat Steel Exchange Italia CCMA Quimidroga Page 16 Moving Towards a Diversified Mix Focused on Value Added Products Revenue Mix Sales Volumes (in lakh tonnes) 85% 79% 74% 77% 77% 28.9 48% 48% 45% 45% 37% 31% 40% 37% 20.2 20.6 21.2 29% 32% 17.2 15.1 13.3 15% 13% 13% 11% 10% 11.2 9.1 4.0 8% 4% 5% 7% 4% 5% 1.8 1.8 1.8 0.80.2 2.0 0.90.2 0.5 0.2 0.1 FY23 FY24 FY25 FY26 Q1 FY27 FY23 FY24 FY25 FY26 Q1 FY27 Intermediates Speciality Alloys Aluminium Intermediates Speciality Alloys Aluminium Finished Steel Stainless Steel Finished Steel Stainless Steel Leveraging downstream investments to maximise value capture and customer reach Building a more resilient, Growing the contribution higher-margin and less of value-added and cyclical business model specialized products - Carbon steel total Page 17 Stainless Steel: A High Growth Vertical Stainless Steel Vertical Overview – On Track to become 2nd Largest Player Leading Player in Forayed into 2 Manufacturing Rolling Mill is 0.15 MTPA Installed Wide product range Stainless Steel Stainless steel units at Pithampur, developed by Italian Capacity for finished across series 200, Long Products in through acquisition Madhya Pradesh player Danieli in stainless steel 300, 400 and India of Mittal Corp with ~35 Acres of Madhya Pradesh Duplex land Expanding Footprint in Stainless Steel Business Areas CR and HR expansion at Sambalpur increases capacity GoI has issued circular for use of stainless steel for construction of national highway Bridges and centrally sponsored projects in marine environment susceptible to sever corrosion and margin-accretive product mix. Series 200 Series 300 Series 400 Post Expansion mix Current Stainless Steel Stainless Steel Stainless Steel 0.85 0.75 0.15 0.12 SS Billet Automotive, White Finished SS Kitchen Utensils Construction Goods, Decorative Bright bars 0.03 0.02 Stainless Steel Wire Rods & Bright Bars Wire rods - Post expansion capacity Note - Acquisition completed in Oct’23 Page 19 Business Update: Greenfield Expansion - Cold Rolling Mill ₹ 603 Cr Total Capex Greenfield project for a cold rolling mill spread over 55 acres of land at Jamuria, West Bengal Project approved under the PLI Products will include GI/GL coils and scheme PPGL (Pre-Painted Galvalume Coils) CRM Mill operation comprises of 1. HR Coil – Raw thick Steel 2. CR Coil – Cold rolled for smooth finish and reduced thickness 3. Galvalume Coating – Hot dip coating with Al-Zn-Si for corrosion resistance 4. Chemical Pre-treatment – Surface treatment for better paint adhesion and 5. Color coating – Primer + topcoat applied and baked Greenfield Expansion Phase I Phase II 2,50,000 Ton Capacity 1,50,000 Ton Launched diverse range of roofing sheets under SEL Tiger in four distinct brands: Both Phase 1 & Phase 2 have been successfully commissioned SEL Tiger ROYALE, SEL Tiger ELITE, SEL Tiger AZURE and SEL Tiger ALFA Page 20 Aluminium Division Aluminium Foil facility commissioned in Jul’26 Aluminium Plant – Pakuria - West Bengal (Avg Capacity - 0.024 FRP facility likely to be commissioned soon MMTPA), Giridih – Jharkhand & upcoming plant in Odisha One of the largest aluminium foil manufacturer in India, plant spread over 5 acres Mill with Flat Rolled Aluminium Foil Battery Foil Plant installed by Achenbach (Germany), an industry pioneer Caster Products (0.018 MMTPA) plant (0.1 MMTPA) (0.06 MMTPA) (0.005 MMTPA) Kickstarted and stabilised plant operations in record time Rs. 75 cr Rs. 450 cr Rs. 250 cr Rs. 25 cr More than 60% of the production utilised for exports Rolling range: 40 to 5 micron with annealing capability, customized as per demand Bridges demand & supply gap in Majorly producing 6-10 micron rolled material aluminium flat rolled products Backward integration to increase margins and additional capacities to Strengthens backward integration enhance revenues Strategic Enables self reliance in raw materials for Outcomes aluminium foil business Capex Incurred Capex Pending Total Capex Rs. 744 Cr Rs. 56 Cr Rs. 800 Cr Greenfield expansion PPaaggee 2211 Enhancing Capacities in Carbon Steel through Ramsarup Industries Ramsarup Industries First Capex Infusion in Ramsarup Industries – Phase I Capacity Expansion in Ramsarup Industries – Phase II Capex : Rs 747 cr Capex : Rs 625 cr Captive DRI Blast PowerPlant Furnace SteelWire Blast Captive Railway 150,000TPA Sinter 20MW Coke Oven SBQ Mill 4,50,000TPA Drawing Furnace PowerPlant Wagons 85,000 1,00,000 1.2MTPA 0.25MTPA 40MW 4,800 units 8,00,000 TPA TPA TPA - to be commissioned in future Update – Phase I Blast Furnace has been successfully commissioned along with Sinter and Oxygen unit Page 22 Foray into Wagon Manufacturing Developed under step -down Strategic entry into rolling The plant to incorporate Wagons types to be Project supports GoI’s subsidiary, stock segment – wagon world class “Uni-Flow” manufactured - Flat, “Make in India” initiative Ramsarup Industries Ltd., manufacturing with manufacturing layout Open, Box, Hopper and is part of Phase 1 operations to be state-of-the-art greenfield Covered, Tank and company’s five-year commenced in September facility at Kharagpur, West Specialised Wagons CAPEX roadmap 2026 Bengal Greenfield Expansion Phase I Phase II 2,400 wagons Capacity 2,400 wagons Capex Incurred Capex Pending Total Capex Rs. 82 Cr Rs. 118 Cr Rs. 200 Cr Page 23 Expansion With Strong Focus on Value Added Products Integration has enabled greater control on the operating margins Post Post Capacity (MTPA) FY21 FY22 FY23 FY24 FY25 FY26 Q1FY27 Capacity (MTPA) FY25 FY26 Q1 FY27 Expansion Expansion Iron Pellet 2.40 3.60 4.80 6.00 6.00 6.00 6.00 6.00 Beneficiation - - - 3.0 Coke Oven 0.45 - - 0.7 Sponge Iron 1.39 2.11 2.54 2.90 3.05 3.05 3.05 4.10 Pig Iron* 0.77 1.22 1.22 1.53 Billets 0.89 0.94 1.69 2.01 2.01 2.01 2.01 2.41 Parallel Flange - - - 0.4 TMT, Beam Structural 0.82 0.90 1.97 2.07 2.07 2.07 2.07 2.16 Steel, Wire Rods & Pipes Colour Coated 0.25 - 0.4 0.4 Sheets Speciality 0.21 0.21 0.22 0.22 0.22 0.22 0.22 0.24 Alloys Hot Rolling Mill - - - 1.58 Captive Power 227 267 267 357 467 467 467 677 (MW) Aluminium Flat - - - 0.06 rolled Products Renewable 5 5 9 9 9 9 9 105 Power (MW) Stainless Steel - - - 0.018 Wires Stainless Steel - - - 0.12 0.12 0.12 0.12 0.85 Billet Stainless Steel - - - 0.025 Bright Bar Stainless Steel - - - 0.15 0.15 0.15 0.15 0.75 4800 Finished Steel Railway Wagons - - - units Aluminium - 0.024 0.024 0.024 0.024 0.024 0.024 0.042 SBQ Mill - - - 0.8 Foil - Installed Capacity - Future Capacity Note: The above expansions are the part of existing CAPEX plan which was announced post IPO amounting to Rs. 9,425 crores Page 25 *A sinter plant of 1.2MTPA has been commissioned along with pig iron 25 Projects Pending Installation & Status of Cost Incurred in Carbon Steel Capacities to be Budgeted Capex Capex incurred till Pending Capex Particulars Commissioned (Rs Cr) 30th June (Rs Cr) (Rs Cr) (Million MTPA) Intermediates: Beneficiation Plant 3​.00 300 222 78 Sponge Iron 1.05 400 320 80 Blast Furnace 0.31 610 337 273 Coke Oven 0.25 220 211 9 Billets (heavy structural mill) 0.40 110 20 90 Total Intermediates 5.01 1,640 1,110 530 Long Products: Parallel Flange Beams 0.40 240 9 231 Steel Wire Drawing 0.09 45 - 45 SBQ Mill 0.80 900 75 825 Total Long Products 1.29 1,185 84 1,101 Flat Products: Hot Strip Mill 1.58 5,400 169 5,231 Railway Wagons 4,800 units 200 82 118 Total Flat Products 5,600 251 5,349 Page 26 Projects Pending Installation & Status of Cost Incurred in Carbon Steel Capacities to be Budgeted Capex Capex incurred till Pending Capex Particulars Commissioned (Rs Cr) 30th June (Rs Cr) (Rs Cr) (Million MTPA) Others: 100 450 25 425 Solar Plant (MW) 210 930 545 385 Captive Power (MW) 2 90 90 - Railway Siding (No. of lines) 1,470 660 810 Total Others 9,895 2,105 7,790 Total (A) Page 27 Projects Pending Installation & Status of Cost Incurred for Others Capacities to be Budgeted Capex Capex incurred till Pending Capex Particulars Commissioned (Rs Cr) 30th June (Rs Cr) (Rs Cr) (Million MTPA) Stainless Steel Long: Billet Stainless Steel 0.13 130 129 1 Stainless Steel Bright Bars 0.03 70 69 1 Stainless Steel Wires 0.02 40 39 1 Stainless Steel Flat: Stainless Steel Melt Shop 0.60 300 112 188 Stainless Steel Hot Strip Mill 0.60 700 326 374 Stainless Steel Hot Rolling, 0.60 800 4 796 Annealing & Pickling Line Stainless Steel Cold Rolling Mill 0.40 350 64 286 Stainless Steel Precision Cold 0.10 250 5 245 Rolling Mill Stainless Steel Bright Annealing 0.50 300 7 293 Line Total Stainless Steel (B) 1.38 2,940 755 2,185 Ferro Alloys (C) 0.02 60 50​ 10 Total (B+C) 3,000 805 2,195 Page 28 Projects Pending Installation & Status of Cost Incurred for Others Capacities to be Budgeted Capex Capex incurred till Pending Capex Particulars Commissioned (Rs Cr) 30th June (Rs Cr) (Rs Cr) (Million MTPA) Aluminium: Aluminium Mill with Caster 0.1​0 75 54 21 Battery foil plant 0.01 25 23 2 Aluminium Flat Rolled Product 0.06 450 433 17 Aluminium Foil 0.02 250 234 16 Total Aluminium (D) 0.19 800 744 56 Total (E) = (B+C+D) 3,800 1,549 2,251 Total (A+E) 13,695 3,654 10,041 Page 29 Plant Wise Capacities - Existing: Carbon Steel Product –Wise Sambalpur Jamuria Mangalpur Kharagpur TOTAL Capacity (MTPA) Odisha West Bengal West Bengal West Bengal (MTPA) Iron Pellets 3 3 6 Speciality Alloys 0.11 0.07 0.04 0.22 DRI (Direct Reduced Iron) 1.35 1.49 0.06 0.15 3.05 Billets 0.87 1.14 2.01 Pig Iron / Blast Furnace 0.771 0.45 1.22 TMT, SRM, WRM 0.92 1.15 2.07 Coke Oven 0.45 0.45 Color Coated 0.402 0.402 Captive Power 248 MW 184 MW 15 MW 20 MW 467 MW Note: 1 - A sinter plant is also commissioned along with blast furnace; Note 2 - 0.15 MTPA CRM commissioned in April’26 Page 30 Plant Wise Capacities - Post Expansion: Carbon Steel Product –Wise Sambalpur Jamuria Mangalpur Kharagpur TOTAL Capacity (MTPA) Odisha West Bengal West Bengal West Bengal (MTPA) Iron Pellets 3 3 6 Speciality Alloys 0.11 0.07 0.06 0.24 DRI (Direct Reduced Iron) 1.95 1.95 0.06 0.15 4.1 Pig Iron / Blast Furnace 0.98 0.55 1.53 Billets 1.27 1.141 2.41 TMT, WRM, SRM 0.92 1.15 0.09 2.16 Parallel Flange Beam 0.4 0.4 Colour Coated 0.4 0.4 Coke Oven 0.45 0.25 0.7 Captive Power Plant 378 MW 324 MW 15 MW 60 MW 777 MW (including solar) Railway Wagons 4800 units 4800 units Hot Rolling Mill 1.58 1.58 Note: 1 - including 0.4 billet for HSM Page 31 Plant Wise Capacities - Existing & Post Expansion: Stainless Steel Product –Wise Sambalpur Pitampura TOTAL Capacity (MTPA) Odisha Madhya Pradesh (MTPA) Billets 0.13 0.12 0.25 SS Melt Shop 0.6 0.6 Stainless HR 0.6 0.6 Stainless CR 0.4 0.4 Stainless 0.15 0.15 SS Bright Bars 0.025 0.025 SS Wire Rods 0.018 0.018 XX to be commissioned XX existing XX Total capacities post expansion Page 32 Synopsis of CAPEX & Growth - Carbon Steel Capacity Present Sales Expected Sales Existing Capacity Particulars Products Post- Expansion Increase by in Volume in Volume Growth (in MMTPA) (in MMTPA) (MMTPA) FY26 (MMTPA) FY31E Carbon Steel: Intermediate Pellet 6.00 6.00 1.18 1.13 -4% Products a. Sponge Iron 3.05 4.10 0.90 1.05 b. Pig Iron 1.22 1.53 0.66 - c. Billets 2.01 2.41 0.15 0.10 d. HR Coil - 1.58 - 1.09 Total (a+b+c+d) 6.28 9.62 53% 2.89 3.37 17% Finished Steel Long Steel Products 2.07 2.16 1.55 1.90 Flat Steel Products 0.40 0.40 0.17 0.39 SBQ - 0.8 - 0.78 Total 2.47 3.36 36% 1.72 3.07 78% Railway Wagons - 4,800 units 100% - 4,704 units 100% Speciality Alloys 0.22 0.24 9% 0.22 0.09 -59% Power (MW) 467 677 45% Projects coming up which are both forward and backward integrated and shall be both value and margin accretive for the company Page 33 Synopsis of CAPEX & Growth - Stainless Steel & Aluminium Capacity Present Sales Expected Sales Existing Capacity Particulars Products Post- Expansion Increase by in Volume in Volume Growth (in MMTPA) (in MMTPA) (MMTPA) FY26 (MMTPA) FY31E Stainless Steel: Intermediate Stainless Steel 0.12 0.85 608% - - - Products Billets Finished Steel SS Long Products 0.15 0.15 0.09 0.13 SS Flat Products 0.0 0.60 100% 0.48 Total 0.27 1.60 493% 0.09 0.61 578% Aluminium: Intermediate Flat Rolled Products - 60,000 100% - - Products (Metric TPA) Aluminium Foil Finished Products 24,000 42,000* 75% 21,620 47,100 (Metric TPA) Battery Foil 5,000 Total 24,000 47,000 96% 21,620 47,100 118% Projects coming up which are both forward and backward integrated and shall be both value and margin accretive for the company. Page 34 Note: *Note: *rolling capacity is expected to be achieved based on foil stock rolled on an average of 9 micron Energy Cost through Captive Power: ~ 79% o Power consumed by the plants are primarily produced in-house by the Sambhalpur Jamuria Mangalpur Kharagpur captive power plants and comprises of green power o Captive power plants majorly utilise waste, rejects, heat and gas generated from the operations to produce electricity 6 Turbines 4 Turbines 1 Turbine 1 Turbine o 79% of Power sourced from captive power plants at Rs. 2.65/KWH while Total Capacity of Total Capacity of Total Capacity of Average Power Cost including Grid Power is Rs. 3.30/KWH Total Capacity of 248 MW 184 MW 15 MW 20 MW o Cost of in-house power is significantly less than grid power which costs Rs. 5-7 Per Unit Captive Power to Total Cost of Per Unit of Captive Power Plant Renewable Power Plant Post Expansion Capacity Power Consumed Captive Power (Rs./KWH) Expansion Plans (MW) Expansion Plans (MW) (MW) 96 105 100 5 82% 74% 78% 83% 81% 79% 3.6 210 677 60 467 15 328 2.66 2.65 2.36 2.43 100 274 2.12 9 5 Sambalpur Jamuria Mangalpur Ramsarup Exsting Proposed Post Capacity Fresh Expansion Solar Wind Existing Proposed Post Capacity FY22 FY23 FY24 FY25 FY26 Q1 FY22 FY23 FY24 FY25 FY26 Q1 Capacity Fresh Expansion Wind Solar FY27 FY27 Capacity Total Capacity Post Expansion – 782 MW Page 35 Q1 FY27 Highlights Revenue (Rs. Cr) EBITDA (Rs. Cr) PAT (Rs. Cr) Y-o-Y Q-o-Q Y-o-Y Q-o-Q Y-o-Y Q-o-Q +23% +4% +28% +7% +21% +13% xx xx xx 0.26 0.33 0.26 0.33 0.26 0.33 4,423 5,240 5,455 756 812 291 312 351 633 Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 Capex Update • Ongoing Capex Update (as of Q1 FY27): Since listing, the Company has incurred Capex of Rs. 9,205 crores, representing 49% of the total planned CAPEX of Rs.18,785 crores. Of this, Rs. 6,286 crores has already been capitalized Page 37 Consolidated Profit & Loss Statement Particulars (Rs. Cr) Q1 FY27 Q1 FY26 Y-o-Y Q4 FY26 Q-o-Q FY26 FY25 Y-o-Y Revenue from Operations 5,455.1 4,423.0 23.3% 5,240.4 4.1% 18,552.2 15,137.5 22.4% Cost of Material Consumed 4,214.5 3,290.3 3,848.6 13,680.2 11,336.7 Purchases of stock in trade 0.0 3.5 33.1 146.2 5.9 Change in Inventories of Finished goods & Work in Progress -305.0 -104.7 -227.8 -473.8 -401.1 Total Raw Material 3,909.5 3,189.0 3,654.0 13,352.6 10,941.5 Gross Profit 1,545.6 1,234.0 25.3% 1,586.4 -2.6% 5,199.6 4,196.0 23.3% Gross Profit Margin (%) 28.3% 27.9% 30.3% 28.0% 27.7% Employee Expenses 135.6 123.0 134.3 507.0 434.4 Other Expenses 639.1 527.0 723.5 2,352.6 1,893.6 Impairment Loss 5.6 4.3 1.7 7.0 2.6 Operating EBITDA 765.3 579.6 32.0% 726.9 5.3% 2,333.0 1,865.5 25.1% Operating EBITDA Margin (%) 14.0% 13.1% 13.9% 12.6% 12.3% Other Income 47.1 53.6 29.2 203.6 230.6 EBITDA 812.4 633.2 28.3% 756.1 7.4% 2,536.6 2,096.2 21.0% Depreciation 264.9 204.5 248.5 882.2 711.2 EBIT 547.5 428.7 507.6 1,654.5 1,385.0 Finance Cost 78.3 39.8 51.31 192.23 143.9 Share in Profit/(Loss) of Associate and Joint Venture 0.02 0.03 0.02 0.10 0.10 Profit before Tax 469.2 388.9 456.3 1,462.4 1,241.2 Tax 118.5 98.3 144.8 402.2 331.9 Profit After Tax 350.7 290.7 20.6% 311.6 12.6% 1,060.2 909.3 16.6% PAT Margin (%) 6.4% 6.6% 6.0% 5.7% 6.0% EPS (As per Profit after Tax) 12.6 10.5 11.2 38.1 32.7 EBITDA /TON (Rs ) Metallics Carbon Steel CR Coil/Sheet Stainless Steel Speciality Alloys Aluminium Q1 FY27 2,906 7,688 8,444 10,194 21,809 53,661 Q4 FY26 3,238 7,460 7,739 8,512 18,780 36,562 Page 38 Q1 FY27 Performance Highlights Rs. 812 crores Rs. 765 crores Rs. 5,455 crores Rs. 351 crores Revenue from Operations EBITDA Operating EBITDA Profit After Tax Revenue Breakup Volumes (in lakh tonnes) Volumes (in lakh tonnes) Y-o-Y +16% -13% Q-o-Q Steel Products xx 0.8% 0.26 0.25 00..3333 0.29 7.5%10.1% 0.06 Y-o-Y -20% -13% Q-o-Q 5.0% 0.06 Aluminum Foil 0.05 Steel 0.20 0.27 0.23 Stainless Steel 6.96 7.18 6.23 Products 20.6% 34.0% 77% Q1 FY26 Q4 FY26 Q1 FY27 6.5% 7.8%7.9% 3.98 4.67 Finished Steel 3.95 Y-o-Y +20% +33% Q-o-Q Speciality Alloys Pig Iron xx Carbon Steel Aluminium Foil 4.42 Steel Billets 0.41 3.69 30..3535 0.51 Ferro Products 0.39 CR Coil & Sheet Stainless Steel 0.57 0.60 0.55 Sponge Iron Sponge Iron Others 2.57 3.91 2.12 3.12 2.78 Iron Pellets 1.68 Iron Pellets Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 Page 39 Per Tonne Realizations Speciality Alloys Carbon Steel1 Y-o-Y Q-o-Q Y-o-Y Y-o-Y Q-o-Q Y-o-Y +22% +7% -2% +2% +1% -3% 87,715 99,517 1,06,613 95,902 93,837 44,856 45,374 45,777 44,500 43,043 Q1FY26 Q4FY26 Q1FY27 FY25 FY26 Q1FY26 Q4FY26 Q1FY27 FY25 FY26 CR Coil/ CR Sheet2 Stainless Steel Y-o-Y Q-o-Q Y-o-Y Y-o-Y Q-o-Q Y-o-Y +21% +11% +11% +27% +18% +7% 86,815 74,494 1,75,925 1,31,586 1,40,443 71,974 78,153 67,202 1,38,516 1,49,034 Q1FY26 Q4FY26 Q1FY27 FY25 FY26 Q1FY26 Q4FY26 Q1FY27 FY25 FY26 Note – 1. per tonne realizations of Carbon Steel inclusive of Steel Billets and Finished Steel Products, 2. per tonne realisations including realisation of HR Tube/ Pipe; All figures in Rs Page 40 Per Tonne Realizations Sponge Iron Iron Pellets Y-o-Y Q-o-Q Y-o-Y Y-o-Y Q-o-Q Y-o-Y +5% +1% -7% +5% -5% +5% 24,100 24,897 25,219 25,343 23,695 8,608 9,556 9,057 8,645 9,085 Q1FY26 Q4FY26 Q1FY27 FY25 FY26 Q1FY26 Q4FY26 Q1FY27 FY25 FY26 Pig Iron Aluminium Foil Y-o-Y Q-o-Q Y-o-Y Y-o-Y Q-o-Q Y-o-Y +15% +5% +0.4% +32% +19% +10% 33,762 36,919 38,800 33,808 33,932 3,65,945 4,07,461 4,83,467 3,44,030 3,79,805 Q1FY26 Q4FY26 Q1FY27 FY25 FY26 Q1FY26 Q4FY26 Q1FY27 FY25 FY26 Page 41 Strong Debt Profile Gross Debt (Rs. Cr) Net Debt^ (Rs. Cr) 1,050 960 951 957 785 768 246 577 534 -477 -562 -378 -1,062 -1,514 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Gross Debt / Equity Net Debt / EBITDA 1.51 0.37 0.30 0.18 0.21 0.13 -0.18 -0.16 0.09 0.06 0.07 0.08 -0.57 -0.96 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Note- ^ Net Debt comprises of Gross Debt less liquid long and short-term investments and cash equivalents Page 42 Strong Balance Sheet - Flexibility of Growth Conservatively Leveraged + Disciplined Capital Allocation strategy Internal Operating Efficiency led to minimal = Working capital requirements Better Return Metrics Working Capital (days) Return ratios (%) 57% 22 9 34% ROCE* 13% 20% 15% 15% 16% 132 123 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 100 97 55% 19 18 35% 20% 21% 20% Mar-25 Mar-26 ROE* 14% 13% Inventory Days Debtor Days Creditor Days Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Strong Balance Sheet to support Capex, Growth and Business Cycles * Investments, Cash & Cash Equivalents is not considered in the calculation Page 43 Disciplined Capital Allocation Cashflow from Operations (Rs. Cr) CAPEX (Rs. Cr) 1,964 2,023 2,130 2,046 1,794 1,689 1,518 1,543 1,578 1,277 1,056 251 FY21 FY22 FY23 FY24 FY25 FY26 FY21 FY22 FY23 FY24 FY25 FY26 Cash & Cash Equivalents (Rs. Cr) CAPEX as % of Cashflow from Operations 2,092 108% 102% 101% 1,830 88% 1,541 76% 1,262 1,238 24% 486 FY21 FY22 FY23 FY24 FY25 FY26 FY21 FY22 FY23 FY24 FY25 FY26 The company is cash positive even at peak CAPEX cycle Page 44 Consistent Volume Growth Sales Volumes Sales Volumes – Q1 FY27 (in Lakh tonnes) (in Lakh tonnes) volume growth % Actual volume Q1 FY27 volume Projected volumes +14% 26% 25% 9% 8% 5% 61.62 13.83 12.12 49.46 39.39 36.40 33.44 13.83 FY23 FY24 FY25 FY26 FY27P Q1 FY26 Q1 FY27 Page 45 Building the Future Roadmap Build Greener, 05 Build Cleaner Increase Cost 04 Efficiency Grow 03 o Reducing Carbon Geographies 02 Integrated o Use of technology in Footprint Metals Major 01 More Value- o Enter in newer states with supply chain management o Focus on sustainability Added Products focus on branding and o Increase ancillary and o Build market leading increased margins backward integration position in: o ~80% of revenue mix o Strengthen brand value ✓ Steel o Profits grow faster than ✓ Stainless Steel volumes ✓ Ferro Alloy ✓ Aluminium Foil Products All five moves funded entirely from internal cash generation No new equity No increase in Net Debt CRISIL AA+ Stable Page 47 Shyam Metalics: Vision 2031 Building India's Most Diversified & Value-Accretive Metals Platform REVENUE EBITDA ROCE ROE Debt/Cash Accrual FY26 FY31 s FY26 FY31 FY26 FY31 FY26 FY31 FY26 FY31 s o t b e ₹957 Cr ~₹4,226 Cr r GD ₹18,552 Cr ~₹42,500+ Cr ₹2,333 Cr ~₹6,200+ Cr 16% 22% 13% 20% t tb (₹378) Cr ~(₹732) Cr e Ne D ~18% CAGR ~22% CAGR ~600 bps ~700 bps la hu ₹1,238 Cr ~₹4,958 Cr sr ac Cc A Expand High-Value Product Portfolio Deepen Presence in Strategic End-Markets Enhance Integration & Cost Leadership Increase exposure to Strengthen positioning in Backward integration across energy, Stainless Steel Railway Wagons Defence Engineering mining and beneficiation Improve operating efficiencies Aluminium Foil Speciality Alloys Railways Real Estate CR Coils/Sheets SBQ Vision 2031 Build a sustainable, value-driven and capital-efficient metals platform through capacity expansion, product mix enhancement, operational excellence and export diversification. Page 48 Financial Roadmap to Vision 2031 REVENUE EBITDA VOLUME (MT) REVENUE (₹ CR) EBITDA (₹ CR) SHARE (%) SHARE (%) PRODUCT FY26 FY31E FY26 FY31E FY26 FY31E FY26 FY31E FY26 FY31E Stainless Steel 94,102 6,99,733 1,322 11,969 7% 28% 77 1,108 3% 18% Aluminium 21,620 47,100 821 2,331 5% 5% 76 277 3% 4% Carbon Steel 44,37,734 52,80,074 12,760 17,933 70% 42% 1,706 2,866 73% 46% SBQ Nil 7,84,000 Nil 4,704 - 11% Nil 1,019 0% 16% Specialty Alloys 2,23,494 83,950 2,097 947 11% 2% 367 143 16% 2% CRM 1,65,307 3,92,000 1,242 2,976 7% 7% 106 645 5% 10% Wagon Nil 4,704 Nil 1,788 - 4% Nil 180 0% 3% New High-Value Product Mix Transforming EBITDA Composition Page 49 ESG – Impact Metrics The Shyam Commitment – Efficiency in action | Responsibility in intent | Sustainability engineered at every step POWER WATER SUN WIND 777 ZLD 20.43 35,000+ MW MWP Tonnes Captive Power (Post Expansion) Zero Liquid Discharge & Extensive Solar Systems CO2 Emissions Avoided Annually Water Recycling 6.31% 100% 63.98 95,000+ MW Sourcing from MSMEs / Water Reused Installed Solar Capacity Lives Benefitted small producers 45.65% 3-4K 24,276 105 KLD GJ MW Reduction in Electricity Usage Wastewater Treated & Reused Daily Renewable Energy Renewable Power Plant, Solar and Wind 50,000+ GREEN Trees Planted Mobility Through EV Integration PPaaggee 5511 Environment Nurturing Nature. Ensuring a Sustainable Tomorrow Plantation and Rainwater Harvesting Promotion of Clean Renovation of Water Green Cover Rainwater harvesting systems Energy Bodies Large-scale plantation to conserve water and Driving the transition to clean Rejuvenating and restoring drives to enhance green recharge groundwater. and renewable energy for a lakes, ponds and other water cover and biodiversity low-carbon future. bodies for community and ecological well-being. Renewable Energy Green Cover Water Conservation Page 52 Social Empowering Communities. Enriching Lives. Skill Development • Sewing & Tailoring Training Centres • Handicrafts & Agarbatti Making Training • Mushroom Cultivation Programs • Computer Training Centres Healthcare & Community Well-Being • Medical Vans • Drinking Water Facility • Homeopathic Clinics • Sanitisation & Renovation of Toilets and Sanitation Infrastructure Social Infrastructure • Schools • Temples • RCC Roads • Playgrounds • Burning Ghats • Community Halls People First Stronger Communities Positive Impact Page 53 CSR Initiatives SUSTAINABILITY • Improving water bodies • Annual medical health and eye checkup • Plantation work campaign offering free medicine and • Installation of solar streetlight spectacles to villagers • Solar irrigation Pumps • Medical mobile van in 17-18 villages in • Developing areas around green belt and Jamuria RURAL HEALTH & reducing carbon footprint • Established a Homeopathy Clinic near plant WELLNESS • Free Coaching Center for Economic • Initiated KALP VRIKSHA project to promote Backward Integration Section rural upliftment & women empowerment • Computer Training Centre at Dhasna village • Provides training in sewing, jute & mushroom under UDAY project cultivation to generate alternate income • SHYAM Scholarship for Meritorious students RURAL SKILL EDUCATION DEVELOPMENT SOCIAL • Established Shyam Metalics Football INFRASTRUCTURE Academy (SMFA) in 2018 • Temples renovation DEVELOPMENT • Constructed hostel for aspiring footballers • Village Sanitation wherein they received full scholarships • Constructed RR Colony in Jamuria for • Plans to expand footprint by playing in rehabilitation of Chawkidanga communities Calcutta Football League SPORTS PROMOTION Undertook CSR initiatives amounting to Rs. 9.39 Cr across diverse areas such as healthcare, education, rural development, animal welfare and art & culture Page 54 Community Building & Welfare of the Immediate Locality has always been Our Top Priority Safe Drinking Water Education & Skill Blood Donation Camp Healthcare Development Summer water tankers for 100+ employee volunteers at 95,000 free OPD visits annually 38,397 residents 38 volunteers teaching in 21 schools Jamuria Plant Pond Renovation Animal Welfare Nutrition & Community Feeding Revived 6 ponds; 6,324 Supported gaushalas caring for beneficiaries 100,000+ cows Free meals for 5,000 daily Page 55 Strengthening ESG Framework ESG integration strengthening governance, operational resilience and long-term sustainability 63.7 60 55 50 SES ESG Research NSE Sustainability CFC Finlease Private Private Ltd. Limited Ratings and Analytics CRISIL ESG Ratings & Limited Analytics Limited 13-02-2026 17-01-2026 08-01-2026 15-09-2025 Third-party ESG ratings indicate improving sustainability profile with scope for structured enhancement across Environment, Social and Governance pillars Page 56 Strengthening Brand ‘SEL Tiger’ TMT BARS TMT are used for the construction of buildings, transmission towers, industrial sheds, structures, road, dam and in other various infrastructures. SMEL sells the best quality TMT primarily in the states of West Bengal, Odisha, Bihar, Jharkhand, Tripura, Sikkim, Assam, TMT are used for the construction of buildings, transmission towers, industrial sheds, structures, road, dam Arunachal Pradesh, Manipur, Meghalaya, Uttarakhand, Uttar Pradesh, Punjab and Haryana. Our TMT and structural products are sold and in other various infrastructures under the brand “SEL Tiger” SMEL sells the best quality TMT primarily in the states of West Bengal, Odisha, Bihar, Jharkhand, Tripura, Sikkim, Assam, Arunachal Pradesh, Manipur, Meghalaya, Uttarakhand, Uttar Pradesh, Punjab and Haryana. STRUCTURAL STEEL Our TMT and structural products are sold under the brand “SEL Tiger” Structural steel describes hot rolled steel products such as angles, channels and beams. With an array of high-quality Structural products under the brand ‘SEL Tiger’, backed by world-class service and its other products, SMEL holds its pride of place among the leading steel manufacturers of the country and material directly from the DRHP WIRE RODS Towards forward integration, SMEL has set up high quality Wire Rod manufacturing & Wire Drawing facilities with best available technology and plant & machinery support. Since the raw materials are manufactured in-house at our plant, the company is able to produce high quality Wire Rod & H.B. Wires in an efficient & cost-effective manner ROOFING SHEETS Offers diverse and high-quality range of cold-rolled steel products designed to meet varied needs of construction and industrial sectors. Crafted at our state-of-the-art Cold Rolling Mill to provide superior performance and value for customers. Launched diverse range of roofinOg fsfeherse tsd iuvnedresre SEaLn Tdi gheirg ihn- fqouuar lditiys tirnacnt gbera nodf sc: oSElsL- rToiglleerd R OstYeAeLl Ep, SroEdL uTcigtesr dELeIsTiEg,n SeEdL Ttiog emr AeZeUt RtEh ea nvda SrEieLd T igneere AdLsF Aof construction and industrial sectors. Each product stands out due to its unique features, including premium CRAcoSatHing Bs, AadRvaRncIeEdR duSrability, and exclusive warranties. These products are crafted at our state-of-the-art Cold Rolling Mill to provide superior performance and value for customers. Launched diverse range of roofing SEL Tisgheer eCtrsa ushn dBearr rSieErsL aTrieg eern ginin feoeurre dd istoti necnth barnacned rso: ad safety across highways, bridges, and urban roads. Built to stringent safety standSarEdLs, Tthiegye ar bRsoOrYb AimLpEa,c St,E mLin Timigiseer vEeLhIiTclEe ,d SamELag Tei, gaenrd AheZlUp RprEe vaenndt aScEciLde Tnitgs efrro AmL eFsAcalating, protecting lives every day STAINLESS STEEL REBAR Shyam Metalics’ stainless steel rebars offer exceptional corrosion resistance and up to 5x longer life, making them ideal for durable, low-maintenance coastal infrastructure ALUMINIUM FOIL (FOOD GRADE) SEL Tiger Foil, a distinguished product line from Shyam Metalics, represents the perfect blend of strength, quality, and versatility in aluminium foil manufacturing. Designed to cater to the demanding needs of modern packaging, SEL Tiger Foil is synonymous with Page 58 reliability and excellence, making it a preferred choice for consumers and industries alike. A Rising Force in India’s Steel Landscape RECOGNISED Amongst India’s Top Steel Entrepreneurs STRONG FOUNDATION Built on Scale, Integration & Operational Excellence GROWTH MOMENTUM Well positioned to create long-term shareholder value Shyam Metalics recognized among India's Top Steel Players, well-positioned to scale new heights and create sustainable shareholder value over the long term Page 59